IIPR vs RLYB: Correlation
Measured on weekly returns over the past three years, Innovative Industrial Properties, Inc. (IIPR) and Rallybio Corporation (RLYB) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IIPR and RLYB?
Over the past 3 years, IIPR and RLYB moved with a correlation of 0.33, which is moderate. The past 12 months show a tighter link (0.45) than the 3-year average (0.33). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1315.0 %².
By 3-year correlation, RLYB places #11 of the 19 assets tracked against IIPR. The last year tells two different stories: RLYB led by 240.1 percentage points, +15.0% for IIPR against +255.1% for RLYB. Risk is not evenly split, since RLYB carries 2.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IIPR vs RLYB: side by side
| IIPR (Innovative Industrial Properties, Inc.) | RLYB (Rallybio Corporation) | |
|---|---|---|
| 1-year return | +15.0% | +255.1% |
| 5-year return | -63.8% | -83.7% |
| Volatility (ann.) | 39.6% | 99.0% |
| Beta vs S&P 500 | 0.85 | 0.78 |
| Max drawdown (3Y) | -62.9% | -95.5% |
| Market cap | $1.6B | $0.1B |
| P/E (trailing) | 12.8 | 2.1 |
| Dividend yield | 13.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IIPR | RLYB |
|---|---|---|
| 2022 | -59.0% | -31.1% |
| 2023 | +8.8% | -63.6% |
| 2024 | -28.5% | -59.8% |
| 2025 | -18.4% | -28.5% |
| 2026 | +27.6% | +205.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIPR and RLYB good diversifiers for each other?
Reasonably. At 0.33, IIPR and RLYB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IIPR and RLYB?
The IIPR/RLYB correlation stands at 0.33 on a 3-year window (1 year: 0.45, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is RLYB a good diversifier for IIPR?
Reasonably. At 0.33, IIPR and RLYB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iipr-vs-rlyb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iipr-vs-rlyb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IIPR correlations · RLYB correlations
